DLF NEW PARTNER Mothercare

distributor in the United Kingdom Forms 51:49 JV with Indian Realty Co, quite frankly, with buyers present co-exist, Mothercare, a British retailer to ensure that children and pregnant women is to form a joint venture 51 / 49 with the largest real estate company in India, DLF, said two people familiar with the sviluppo.Durante existing activities of the series with the Shoppers Stop chain of department stores will continue, and hopes that the new joint venture will have more control over Indians and their ability to expand rapidly into one of the fastest growing, said he asked to remain anonymous. Both DLF and Mothercare has refused to brush his Developments of "market speculation confirmed. Mothercare spokeswoman Catriona McDermott said in a statement that the company is committed to its expansion into the Indian market. He said the company has 21 locations in conjunction with stop-buyers, who will remain a Mothercare franchise in India. "Shoppers Stop is a valued partner in the strategy of Continuing Care Indian Mother," he detto.Il British retailer was in talks with DLF Retail Group and Tata Trent for a possible equity partnership in India. In the past, many foreign retailers have had or have a long run, India, the path of franchising joint venture with Indian partners escaped form. Last year, the British clothing retailer's largest Marks & Spencer in joint venture with Reliance Retail ending its franchise agreement with Planet Retail. The Indian law that makes it mandatory for a foreign distributor to sell a single brand in the Indian partner as the former can not take more than 51% shareholding in a retail business. Foreign investment is not permitted in companies that sell more than one brand. In JV in India has seen signs of recently move Mothercare in China will break its tradition of growth abroad through franchising of local organizations . There is established a joint venture with local partner organizations in China, Good Baby. "We know that more can be said in a joint venture in the future, even if they continue to risk their political consciousness, cultural, economic and international investments," the Chairman Ian R Peacock said the latest annual report talks in Chinese Joint Venture. The British retailer, which has 1014 branches in 50 countries, including 609 stores outside the United Kingdom, sees the international market, "the most attractive opportunities growth, "according to its annual report. Mothercare reported an overall growth of retail sales by 41%, against a growth of 6.9% of total revenue for the year 09 to € 723 million euros. Similarly, International, a same store sales growth of 6% compared to 1.4% for Great Britain FY09. a joint venture with DLF Mothercare diversified portfolio of brands that have already Giorgio Armani, Dolce & Gabbana, Salvatore Ferragamao, hat and sunglasses Both Home. The purpose of corporate data, foreign retailers in general, as a junior partner has allies, is a stream of customers for its centers in these tie-ups have. sqm A typical self Mothercare store in India 3000 -- 6000, while a shop-in-Shop is 1800-2000 square feet. The retailer offers a wide range of products including apparel, equipment and toys in India for mothers-to-be, infants and preschool children and sources of children for over 70% of revenue in the supplying countries around the world to be sold.